Shareholders of National United Resources (HKG:0254) will meet Aug. 13 to vote on a proposed 10-for-1 share consolidation, a Monday Hong Kong bourse filing said.

Following completion, the car rental company will have nearly 438.8 million consolidated shares in issue.

The firm will also seek approval from the shareholders for five conditional agreements to allot and issue 125 million new consolidated shares at HK$0.40 apiece to individual investors.

The parties first proposed the consolidation and subscription agreement earlier in June.